As the Russian invasion of Ukraine continues, more economic sanctions are being called for at the state level. This time, those sanctions would involve two retirement systems in the state.
On Thursday, Governor Tom Wolf called on the State Employees’ Retirement System, or SERS and the Public School Employees’ Retirement System, or PSERS, to take immediate action to divest any public pension funds from investments connected to Russia. In a statement released yesterday, Governor Wolf said that he is continuing to do everything in his power to condemn the Russian invasion of Ukraine and to disengage in business practices with the country. Wolf also said that he was committed to signing any clean legislation that would require divestment of public funds in Russian Assets.
This is the latest in a string of divestments across the state, as earlier this week, Governor Wolf called for a ban on all Russian-made alcoholic products from the state’s Fine Wine and Good Spirits stores.
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